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Paragraph, a prominent player in the web3 space, has acquired the web3 content publishing platform Mirror. This acquisition is part of a strategic move to enhance onchain publishing capabilities. Alongside the acquisition, Paragraph has raised $5 million from Union Square Ventures (USV) and Coinbase Ventures to further its mission. As part of the acquisition, the Mirror team will focus on developing 'Kiosk', a new project combining blockchain technology with e-commerce, built on the Farcaster protocol. Denis Nazarov, founder of Mirror, will lead the development of Kiosk, which also secured $10 million in funding. Colin Armstrong will serve as CEO, and Literature will be an advisor.
Farcaster Fundraising: - @paragraph_xyz acquires @viamirror to accelerator on-chain publishing. - @paragraph_xyz also raises $5m from @usv & @cbventures - @KioskSocial, a new Farcaster client, which will be developed by Mirror’s founder Denis Nazarov and team also raised $10m… https://t.co/RpDzvhenkq
Farcaster Fundraising: - @paragraph_xyz acquires @viamirror to accelerator on-chain publishing. - @paragraph_xyz also raises $5m from @usv & @cbventures - @KioskSocial, a new Farcaster client, which will be developed by Mirror’s founder Denis Nazarov and team also raised $10m in… https://t.co/RpDzvhenkq
At @USV we are thrilled to be supporting @paragraph_xyz in bringing onchain publishing to the masses. https://t.co/nsTS8Wt0ki
